"We would like to inform you that at the Board Meeting held today, the Directors have declared a second interim dividend of Rs 9 per equity share of Rs 1 each," the company said in a filing.
The dividend, if declared, will be paid to the equity shareholders of TCS whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on record date.Shares of TCS will likely trade ex-dividend on the day or a day before the record date.
TCS shares price fell nearly 2% to Rs 3,184 on Thursday after the IT giant’s net profit in the fourth quarter missed market estimates. The company s Q4FY23 net profit came in at Rs 11,392 crore, up 5% from the previous quarter. Watch this Business Today Visual Story to check brokerage calls on TCS shares and whether to buy, hold or sell TCS stock.